Climate change is a result of the greatest market failure the world has seen...We risk damages on a scale larger than the two world wars of the last century.

The one way of guaranteeing to fail is to assume that we will.

Rising sea levels will result in tens to hundreds of millions more people flooded each year with a warming of 3 or 4°C. There will be serious risks and increasing pressures for coastal protection in South East Asia (Bangladesh and Vietnam), small islands in the Caribbean and the Pacific, and large coastal cities, such as Tokyo, Shanghai, Hong Kong, Mumbai, Calcutta, Karachi, Buenos Aires, St. Petersburg, New York, Miami and London.

Climate change represents the greatest and widest-ranging market failure ever seen

To claim the World Bank is just an extension of US foreign policy is just wrong.

The US will increasingly see the risks of being left behind, and ten years from now they would have to start worrying about being shut out of markets because their production is dirty.

I think that once people understand the great risks that climate change poses, they will naturally want to choose products and services that cause little or no emissions of greenhouse gases, which means 'low-carbon consumption.' This will apply across the board, including electricity, heating, transport and food.